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12 November 2024 | 1 reply
It is typically your primary job.The 40 hr/week W-2 worker is going to have a hard time convincing an IRS agent they are meeting this threshold.STR loophole is a better path for my friends in this category.Once you finally cross the pro hurdle, you're not done!
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17 November 2024 | 5 replies
There will be a resolution, one way or another, say within 6 to 24 monthsPlease feel free to comment on anything above that does not make sense.Now my main question is: how are such notes valued?
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18 November 2024 | 12 replies
Age of main systems (Roof, plumbing, electrical, HVAC, etc.) 3.
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16 November 2024 | 8 replies
Curious - what platform are you mainly using to rent it out?
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1 December 2024 | 68 replies
I think the main issue is believing that unsecured prom notes are Guaranteed. unless I saw the note and the note stated that ( which I highly doubt) the return of funds and payment of interest solely rests on the full faith and credit of what was invested in and the sponsor..
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14 November 2024 | 3 replies
Only thing is, I'm finding the main companies start at about $300 a month.
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14 November 2024 | 9 replies
If I house hack and live on the property, I sacrifice living in my own home which has been my main goal over the last couple years.
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23 November 2024 | 38 replies
That main thing would be to look at their area of focus.
13 November 2024 | 5 replies
Quote from @Devin Peterson: Quote from @Hassan Tejan-Kella: Hello all I'm a 6 year investor mainly involved in long term rentals.
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18 November 2024 | 16 replies
Hi @Philip Jones,For the refinance aspect, the main factors will be the FICO Score, cash flow of the property, and as-is value.A Higher FICO will let you get a larger loan size and lower interest rate.Good Cash Flow will ensure that your property will be profitable for you and enable you to get the max loan size that your FICO allows for.The As-is Value will play an important role in making sure that you meet the minimum requirement for a DSCR loan of 100k, but also in making sure that the rehab work that has been done provided significant value add.